Business
CDT Environmental Technology Files Annual Report on Form 20-F
Revenue of $29.8 million and net income of $1.4 million impacted by reduced project activity due to a slowdown in the PRC economySHENZHEN, China, May 15, 2025 (GLOBE NEWSWIRE) -- CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) (“CDT”, the “Company”, or “we”), a leading provider of waste treatment systems and services throughout China, announced to today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and
About this update from Cdt Environmental Technology Investment Holdings Limited
[{"type":"image","alt":"CDT Environmental Technology Investment Holdings Limited","displaySize":"","headline":null,"caption":"CDT Environmental Technology Investment Holdings Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":235,"url":"https://media.zenfs.com/en/globenewswire.com/2c46a5fc15980369180f50c3776f208d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8MFAIvUqdbW92Wm9hvwZ5g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMyOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/2c46a5fc15980369180f50c3776f208d","width":300,"height":235}},"lazy":false},{"type":"text","content":"Revenue of $29.8 million and net income of $1.4 million impacted by reduced project activity due to a slowdown in the PRC economy","length":129,"tagName":"p"},{"type":"text","content":"SHENZHEN, China, May 15, 2025 (GLOBE NEWSWIRE) -- CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) (“CDT”, the “Company”, or “we”), a leading provider of waste treatment systems and services throughout China, announced to today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”) on May 15, 2025. The annual report on Form 20-F, which contains CDT’s audited consolidated financial statements, can be accessed through the SEC’s website at www.sec.gov or CDT’s website at https://www.cdthb.cn.","length":615,"tagName":"p"},{"type":"text","content":"All amounts are expressed in US dollars unless otherwise stated.","length":64,"tagName":"p"},{"type":"text","content":"2025 Financial Results","length":22,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenues decreased by approximately $4.4 million, or 13.0%, to approximately $29.8 million for the year ended December 31, 2024, compared to approximately $34.2 million for the same period in 2023. The decline was primarily attributable to reduced demand for the Company’s services amid the ongoing economic downturn in the PRC.","length":334,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit decreased by approximately $0.1 million, or 1.2 %, to approximately $11.2 million for the year ended December 31, 2024, from approximately $11.4 million for the year ended December 31, 2023. The decrease in gross profit is primarily due to the decrease in sewage treatm...
More updates from Cdt Environmental Technology Investment Holdings Limited